Academic Paper from the year 2020 in the subject Business economics - Business Management, Corporate Governance, , language: English, abstract: SMEs are still incertitude in their quest to run their business effectively. These compunctions are lack of access to finance, lack of access to market, lack of growth, poor education, lack of family support and poor business skills. All these determinants hamper the SMEs, which ultimately leads to their failure. Globally, SMEs are engines of expansion because they play a strategic role in poverty alleviation, job creation and wealth provision of regional equilibrium through industrial dispersal and reduction of rural-urban migration. We argue that if much had been done by State to promote SMEs, then the rate of unemployment would be one digit, not two digits in Namibia. The ease of making business in Namibia is appalling rated by WHO as an environment which does not promote and not easy to enhance SMEs growth. The regulatory environment for SMEs is very challenging. There are so many prohibiting procedures for starting a business as a local and foreigner. The overall research design of this rubric entailed a survey research method and drew from the procedures for researching small tourism businesses in Katima Mulilo. We made cross-sectional study and involved a sample of 14 entrepreneurs that was got between March 2017 and August 2018. Status of growth for Katima Mulilo shows that 0-2% have 10% growth, while 20% had 3-4% growth, 60% of the SMEs had average growth 5-9%. The remaining 20% had high growth of 10-25% status of growth in the company. The component score coefficient matrix shows factor component loadings using the principal component analysis. The factor loadings for individual characteristics, social determinants, poor business location and poor financial management, are very low symbolising that they are poor while human capital and planning and ordaining are higher than 0.40. They are symbolising that they are moderately below par. The principal component analysis is a variable reduction analysis and vital for checking redundancy for the figures. Factor analysis in this study assumes that covariation among the observed variable is due to the presence of one or more latent variables which exert directional influenced observed variables. We recommend that the government should have a National Entrepreneurship Policy Framework and Implementation Guideline and put in place an Entrepreneurial Act to promote Entrepreneurs in the Country.

This thesis reports on a study conducted to investigate the business information needs, seeking patterns and information services for small, micro and medium enterprises (SMMEs) in Namibia. The survey methodology was used and questionnaires were distributed to 308 SMMEs and 60 business service providers in the Windhoek and Oshana districts of Namibia. An in-depth qualitative assessment of the business information services was also conducted in 15 business support organisations in the two districts. The data collected through questionnaires was analysed using the Statistical Package for Social Sciences (SPSS) while qualitative data was analysed using content analysis. The study revealed that SMMEs have a range of business information needs and top among them are information on: finance, marketing, training and business information. The study also revealed that the information seeking patterns of SMMEs are largely informal with limited use of formal business information services provided by a range of business support services. There are several business support organisations in Namibia providing a range of services, including the provision of business information services. However, the study established that there is need for a coordinated approach towards the provision of business information services in the SMME sector in Namibia. The study showed that the utilisation of ICTs among SMMEs is very limited to basic computer operations like word processing, book-keeping packages, and spreadsheets. The use of Internet as a business tool and source of business information among SMMEs is also very limited. However, the study shows that the utilisation of ICTs among business support organisations is advanced and that this could be used as a platform to improve information delivery services to the SMMEs. The study proposes a strategic model that could be used in the deployment of business information services in the SMME sector. This strategy is based on a definition of business information services, components of business information services and the steps that must be followed in the development of the services. The proposed strategy also outlines the steps that should be taken in the impact assessment of business information services. The study concludes by making several recommendations concerning the improvement of business information delivery services to the SMME sector. Business support organisations and, in particular government and Chambers of Commerce and Industry need to consider various approaches in the design of sustainable business information services.

"This book provides a comprehensive collection of research on current technological developments and organizational perspectives on the scale of small and medium enterprises"--Provided by publisher.